Baoriat Real Estate Limited

Fig. 1 showing photography of off-plan property in Kenya In Real Estate, off plan purchase is referred to as buying a property that is still under development process or rather it is yet to be completed.   In Kenya, there are various factors that motivate purchase in off plan. These factors include; good payment plan, reputable developer, substantial savings, ability to give input on a show-house and lastly good negotiation power especially while paying in many units.  Off plan purchase here in Kenya comes with its pros and cons. They include; Pros of off plan purchase of Property in Real estate. What are these pros (advantages) of off plan purchase in Real estate? 1. You are locked in a price which saves you in any future market trends. Purchasing your property off the plan allows you to lock in the price and saves you from any future market trends that may see the rest of the houses in the area go up in price. Even if your property’s value goes up, you will not need ...

Over the years, property fraud in Kenya has been rampant. Property fraud is defined as the act of stealing property. For instance, a fraudster could forge a document to convince a mortgage lender that he or she owns the property and mortgage your property without your knowledge . One of the primary elements that heavily affects property buyers and property owners as well is property fraud. It’s time that we should all be aware of different forms of property fraud and learn how to prevent being victims of this kind of evil that is in real estate industry. These forms of property fraud are; Foreclosure relief (Foreclosure fraud) Foreclosure fraud/ relief happens when a property buyer experiences difficulties in making mortgage payments. To exemplify; a fraudster approaches a property owner with issues concerning his or her mortgage payment. Afterwards, he goes extra miles and offers loans and monthly payment schedule that is relatively at a lower price for the transfer of the propert...